The CEO Of Goldman Sachs Says The Bank Won’t Take Companies Public Unless There Is At Least One ‘Diverse’ Board Member

Solomon spoke to the benefit of having diverse perspectives on the Goldman Sachs board, four of the 11 board members are women, as well as what he’s seen in the industry overall. “I look back at IPOs over the last four years and the performance of IPOs where there’s been a woman on the board in the U.S. is significantly better than the performance of IPOs where there hasn’t been a woman on the board,” Solomon said on CNBC’sStarting in the U.S.

Goldman isn’t the only bank to focus on board diversity, State Street Global Advisors launched it’s “Fearless Girl” campaign in March 2017 to encourage more public companies to appoint women to board seats. The “Fearless Girl” statue moved from standing in front of the Charging Bull sculpture on Wall Street to opposite the New York Stock Exchange in December 2018.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs CEO says no IPOs for companies without at least one 'diverse' board member starting in July | Markets InsiderGoldman Sachs CEO David Solomon said Thursday in an interview with CNBC in Davos, Switzerland that starting in July, the bank won't help compani... How about promising no IPOs that defraud retail investors GoldmanSachs So more white women on the boards then. Sad.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Former Wells Fargo CEO banned from banking industry and fined $17.5 millionFormer Wells Fargo CEO John Stumpf on Thursday agreed to a lifetime ban from the banking industry and a $17.5 million fine for his role in leading the bank through its massive fake accounts scandal. Wells Fargo is a joke Thank God for that awesome consumer protection agency 'Agreed to'? Since when did criminal punishment become optional? So he's sentenced to not being allowed to continue committing fraud, and repay a fraction of his stolen money. Wow.
Source: CNN - 🏆 4. / 95 Read more »